Economy headed into a 'Bermuda Triangle' financial crisis: Nouriel Roubini

The economy is headed into a"Bermuda Triangle" of danger, and markets should brace for a crisis that could rival the 2008, according to economist Nouriel Roubini." podcast, the top economist warned that the economy was risking another financial crisis as central bankers continue to tighten monetary policy.

Second, high interest rates means firms are battling higher costs of borrowing and waning liquidity, which weighs on asset prices. Last year, US stocks plunged 20% amid the Fed's rate hikes, with warnings from other market commentators of anFinally, high interest rates are pressuring the mountain of debt, both private and public, that was amassed during the years of low rates, Roubini said. He pointed to bankrupt"zombies", which include households, corporations, and governments.

Killing the economy completely so that a new economy rises like the Phoenix is an option. Not one likes the way it looks at present.

It’s getting embarrassing. Get a new editor.

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